President Obama addressed the looming fiscal cliff — $600 billion in tax increases and spending cuts set to begin Jan. 1 — from the White House on Friday, telling Congress that the "the majority of Americans agree" that the wealthiest citizens should pay higher tax rates, and that those making less than $250,000 a year should not have to see their tax rates increase. Obama, signaling that he would sign a bill that avoids a middle-class tax increase "right now," added that the government's "top priority has to be jobs and growth." The president has also invited congressional leaders to the White House next week to begin negotiations on how to avoid the fiscal cliff.
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- The latent sexism of the male marriage proposal
- 43 TV shows to watch in 2014
- The real story behind Deliver Us From Evil
- Bush vs. Clinton in 2016 is the perfect way to make millennials hate politics even more
- After Ferguson: Stop deferring to the cops
- The hilarious hypocrisy of Republicans complaining about the imperial presidency
- This judge is the reason we're still fighting over net neutrality
- Diagnosing the Home Alone burglars' injuries: A professional weighs in
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- 13 Urban Outfitters controversies
Subscribe to the Week